1. Price Trend
According to the monitoring of the business agency, the spot market price of glass fell during the week. The average price of glass on May 13 was 23.77 yuan/square meter, and the average price on May 20 was 23.6 yuan/square meter. The price fell within seven days, by 0.72%.
2. Market analysis
The spot market price of glass fell during the week. In the Shahe area of North China, the market transaction is still good, the shipment is good, and the price is slightly lowered. The overall market transaction situation in the East China market is general and the market price is slightly lowered. The overall production and sales in Central China are average, some manufacturers are mainly outsourcing, and the inventory is slowly increasing. The spot trading situation of South China Glass is normal, the market price is mainly stable, and the enthusiasm for downstream purchases is not high, so wait and see. Shipments in the southwest region slowed down, downstream purchases were on-demand, and production and sales were average. The glass market in the northwest region has a general trend, the downstream is generally motivated to acquire goods, and the glass transaction is flexible. The market trend in the Northeast region is general, the downstream orders are general, shipments slow down, and inventories increase.
In terms of soda ash, the price of soda ash is stable and moving. The current mainstream market price of light soda ash in East China is about 2700-2900 yuan/ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2800-3000 yuan/ton. According to data, the output of soda ash enterprises in China was 576,200 tons during the week, and the inventory of manufacturers was about 760,000 tons. The analyst of the business community believes that the price of soda ash is mainly high, the downstream purchases more on-demand, and there is resistance to high-priced soda ash. The overall market has not changed much. It is generally expected that soda ash will be mainly consolidated, depending on the downstream market demand.
3. Market outlook forecast
According to the expectations of the business agency, the overall transaction in the glass spot market this week was light. Upstream soda ash remained stable, liquefied natural gas prices fell, and raw material prices were weak to support the glass market. The situation of downstream orders is general, more wait-and-see, lack of market confidence. It is expected that the glass spot market will be weak in the short term.
